|"During the quarter, the Company generated $126 million of cash flow from operations, which after $62 million of capital expenditures resulted in $65 million of free cash flow," said Gavin Isaacs, President and Chief Executive Officer. "While our operating results still require further improvement to achieve the level of performance we expect, we believe we are making solid progress in utilization of working capital, implementation of WMS-related integration initiatives, strengthening the organization-wide focus on disciplined cost management and directing capital allocation only toward our highest-return opportunities."|
|“Tennessee Promise is being met with remarkable enthusiasm all across the state,” said Rebecca Hargrove, President and CEO of the Tennessee Lottery. “Here at the Lottery, we’re proud of our role in generating funds to support this program and stand ready to do all that we can to encourage and promote access to higher education in Tennessee, including giving our time and effort to serve as mentors.”|
|“The agreement with NineMSN will drive significant amounts of new customer traffic to the co-branded website and the seamless setup will ensure maximum conversion rates”, said Mr Mike Veverka, CEO and Founder of Jumbo Interactive Limited.“The customer account database on OzLotteries.com grew 10% to 1.72 million accounts last year and this new agreement with NineMSN will help us continue this growth”, he said.|
|“Now in its fifth season, The Walking Dead is by far one of the most popular and thrilling shows on television. Now fans of the show can try their luck with a fun scratch-off game and chances to win up to $25,000,” said Gardner Gurney, Acting Director of the Division of the Lottery.|
|“Throughout our nearly 20-year partnership, GTECH and Washington’s Lottery have shared a commitment to the highest quality in every aspect of lottery products and system performance. During that time, we have come to understand the Lottery’s vision and mission for the future. We are prepared to support the Lottery’s growth strategy with a set of innovative solutions that offer the flexibility and the ability to adapt to changes in the industry and the demands of the marketplace, now and over the next decade,” said GTECH Americas’ President and CEO Jaymin B. Patel.|
Watch the excellent interviews below
www.publicgaming.org for Early
The tipping point has arrived. Regulatory changes, universal consumer adoption of digital communication technologies, and the adoption of multi-channel retailing by lottery operators are transforming the face of the industry. The convergence of social media, internet promotional strategies, and traditional advertising channels is opening up entirely new vistas for Lottery to connect with its customers.
Government Lotteries and their commercial partners have become the market leaders. Instead of responding to change as it occurs in the market-place, Team Lottery is leading the charge with innovative approaches to brand extensions, integrating multi-media strategies for new customer-acquisition and core customer relationship management, aligning game development and marketing strategies with real-world player profiles instead of old-school demographic segmentation, and converting ‘big data’ into better products delivered at the right time, in the right place, to the right consumer. All the pieces are in place for Team Lottery to consolidate its position as the most progressive, exciting, and trusted operator in the games-of-chance industry.
Public Gaming Magazine January/February 2014